Newcastle Intermediaries has hired Andy White as business development manager for the south west and home counties. Bristol-based White has more than seven years of experience in financial services, and joins with immediate effect to support broker partners in the south west. He most recently worked for the Bank of
Newcastle Intermediaries has made several changes to its residential and buy-to-let lending criteria that include lifting maximum loan amounts and loan-to-value ratios. It says the maximum loan size for residential applications has been raised to £1.5m and £1m for BTL products. The broker-only unit adds that its
Newcastle Intermediaries has cut rates on its large loan range by up to 0.45%. At up to 75% LTV, the two-year discounted rate is priced at 1.90% for loans between £1m and £1.5m, a 0.45% cut in the previous rate. In addition, a two-year fixed rate with a 65% LTV has a fixed rate of 2.39%. This represents a 0.06%
Newcastle Intermediaries has expanded the availability of and removed the reservation fees for its self- and custom-build mortgage products. For its loans available through BuildLoan, its self-build arrears stage payment product comes as a two-year variable oat 5.89% with no fees and the mortgage indemnity guarantee
Newcastle Intermediaries has boosted its large loan products with the launch of new two-year fixed rate products as well as cutting rates across the range. The broker-only unit of Newcastle Building Society adds that it has removed upfront reservation fees and reduced completion fees. The lender has added a new